Paramount Group (PGRE) Suspends Regular Quarterly Dividend

Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors suspended the Company’s regular quarterly dividend that would have otherwise been payable on October 15, 2024. During 2024, Paramount paid three regular quarterly dividends aggregating $0.1050 per share of common stock, which approximates 100% of its estimated 2024 taxable income.

Albert Behler, Chairman, Chief Executive Officer and President of Paramount commented, “The decision by our Board of Directors to suspend our regular quarterly dividend aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility.”

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